
Armenia - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
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Armenia: Hazelnut Market Overview 2020
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Hazelnut Market Size in Armenia
The revenue of the hazelnut market in Armenia amounted to $X in 2018, increasing by X% against the previous year. In general, hazelnut consumption continues to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, the hazelnut market reached its peak figure level in 2018 and is expected to retain its growth in the near future.
Hazelnut Production in Armenia
In value terms, hazelnut production amounted to $X in 2018 estimated in export prices. Over the period under review, hazelnut production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when production volume increased by X% y-o-y. Hazelnut production peaked in 2018 and is expected to retain its growth in the near future.
Average yield of hazelnuts in Armenia stood at X tonne per ha in 2018, going down by -X% against the previous year. Over the period under review, the hazelnut yield continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Hazelnut yield peaked at X tonne per ha in 2009; however, from 2010 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2018, approx. X ha of hazelnuts were harvested in Armenia; growing by X% against the previous year. In general, the total harvested area indicated a strong increase from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hazelnut harvested area increased by +X% against 2007 indices. The growth pace was the most rapid in 2017 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to hazelnut production reached its peak figure in 2018 and is expected to retain its growth in the immediate term.
Hazelnut Imports
Imports into Armenia
Hazelnut imports into Armenia totaled X tonnes in 2018, surging by X% against the previous year. In general, hazelnut imports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.
In value terms, hazelnut imports amounted to $X in 2018. Over the period under review, hazelnut imports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, hazelnut imports reached their maximum in 2018 and are likely to see steady growth in the near future.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the hazelnut market in Armenia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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